Money News

Financial inclusion is on the rise globally as 69 percent of adults – 3.8 billion people – now have a bank account or mobile money provider. Key to achieving this have been fintechs, according to Steve Smith of Finicity

Despite technological advances on mobile devices and mobile applications, there are still a wide variety of consumers who want to avoid the bank or credit card interaction and use electronic cash. Danny Shader, PayNearMe, explains why.

Dr. Nick Almond, a professor in the U.K., believes that the adoption and acceptance of cryptocurrency will come through a crypto lottery. He explains why would the game that is as old as time will help crypto become accepted.

Hoboken -
The company LendEDU has just released the results of its survey of 1,001 student loan borrowers and their thoughts on changes to the student debt bankruptcy policy, in the U.S. A research analyst provides an oversight.

Personal finance is on the top of many people’s minds. While the digital era provides more opportunities for investment, making the wrong choice can be costly. Wealthsimple Dave Nugent, Head of Investments, gives some advice.

Snapsheet, a leading provider of claims technology, has partnered with KeyBank, to launch Snapsheet Transactions, a payment solution for insurance claims. To learn more about the platform we spoke with Alex Meisner, director of innovation at Snapsheet.

Kiev -
Ukraine said on Friday it was banning a new Russian banknote showing an image of the Crimean peninsula that Moscow annexed in 2014.The announcement came one day after Russia unveiled a new note worth 200 rubles ($3.

Digital payments are now popular than cash as app-based methods become more widely supported. Every major mobile operating system now comes with a built-in payment provider. Adoption amongst banks and retailers is also on the rise.

The digital cryptocurrency Bitcoin has broken records by reaching its highest value ever recorded. The price of a single coin surged past $2,000 today before climbing even higher to $2,100. The rise has been linked to changes in China and Japan.

Oxford -
University of Oxford technologists have designed a prototype device designed to make contactless payments more secure. The device sends secret keys to encrypt information passed from a mobile device to a payment terminal.

Caracas -
Venezuelan President Nicolas Maduro on Sunday named a lawmaker as the country's new central bank chief, after reportedly pushing out the former head as the country struggles through a deep economic crisis.

London -
The U.K. recently launched a new bank note, valued at £5. The note is smaller and plastic based, replacing the old paper note. Vegans and religious groups have reacted angrily due to the note containing animal products.

Belgrade -
An elderly hermit living in a mud hut in the Serbian mountains inherited a fortune from her estranged husband in Australia -- but swiftly gave it all away to live off her meagre pension, local media reported.

London -
William Shakespeare, the Great Fire of London and the Battle of Hastings will appear on British coins this year, marking major anniversaries in the country's history, The Royal Mint announced Friday.

On Wednesday, Netflix reported that it saw around 300,000 less signups in the United States than it had expected in the last quarter. One of the reasons why growth was slow is because of the ongoing switch to chip-based debit and credit cards.

UPDATE: "Hotel Transylvania 2" booked even more than the weekend estimate. It took in $48.4 million while "The Intern" left work earlier than before. "The Intern" nabbed $17.7 million, according to the actuals.